Insider Selling: Agnico Eagle Mines Limited (TSE:AEM) Director Sells 2,000 Shares of Stock

Agnico Eagle Mines Limited (TSE:AEM) (NYSE:AEM) Director John Merfyn Roberts sold 2,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$118.43, for a total value of C$236,860.00.

Agnico Eagle Mines Price Performance

Shares of TSE AEM opened at C$121.21 on Friday. The business has a 50 day simple moving average of C$116.05 and a 200-day simple moving average of C$109.98. Agnico Eagle Mines Limited has a twelve month low of C$60.17 and a twelve month high of C$123.86. The company has a market capitalization of C$60.73 billion, a price-to-earnings ratio of 75.76, a price-to-earnings-growth ratio of 22.97 and a beta of 1.10. The company has a current ratio of 1.51, a quick ratio of 0.89 and a debt-to-equity ratio of 9.94.

Agnico Eagle Mines (TSE:AEM) (NYSE:AEM) last issued its earnings results on Wednesday, October 30th. The company reported C$1.56 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.35 by C$0.21. Agnico Eagle Mines had a net margin of 8.49% and a return on equity of 3.10%. The company had revenue of C$2.94 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. As a group, equities research analysts expect that Agnico Eagle Mines Limited will post 5.4966052 earnings per share for the current year.

Agnico Eagle Mines Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.40 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. Agnico Eagle Mines’s dividend payout ratio is currently 135.63%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stifel Nicolaus increased their target price on Agnico Eagle Mines from C$114.00 to C$140.00 in a research note on Monday, October 21st. National Bankshares increased their price objective on shares of Agnico Eagle Mines from C$143.00 to C$144.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$116.00.

About Agnico Eagle Mines

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.